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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 5, 1999
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WAVO Corporation
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(Exact name of Registrant as specified in its Charter)
Indiana 0-24858 86-0491428
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(State or other (Commission (I.R.S.Employer
Jurisdiction of File No.) Identification No.)
Incorporation)
3131 E. Camelback Rd., Suite 320, Phoenix, Arizona 85016
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(Address and Zip Code of Principal Executive Offices)
Registrant's telephone number, including area code: (602) 952-5500
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
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Effective as of November 5, 1999, Ernst & Young LLP ("E&Y") was
dismissed as the independent accountants of Wavo Corporation (the "Company"). On
November 5, 1999, the Company engaged Deloitte & Touche LLP ("Deloitte"), as its
independent accountants to audit the Company's consolidated financial statements
for the fiscal year ended December 31, 1999. The decision to change independent
accountants was approved by the Audit Committee of the Company's Board of
Directors.
E&Y's reports on the consolidated financial statements of the Company
as of December 31, 1998 and 1997 did not contain an adverse opinion or a
disclaimer of opinion, nor were they qualified or modified as to uncertainty,
audit scope, or accounting principles.
During the Company's two most recent fiscal years ended December 31,
1998 and December 31, 1997, and for the period from January 1, 1999 through
November 5, 1999, there were no disagreements with E&Y on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure, which disagreement, if not resolved to the satisfaction of
E&Y, would have caused it to make reference to the subject matter of the
disagreement in connection with its report. In addition, during the Company's
two most recent fiscal years ended December 31, 1998 and December 31, 1997, and
for the period from January 1, 1999 through November 5, 1999, there did not
occur any kind of event listed in paragraphs (a)(1)(v)(A) through (D) of
Regulation S-K, Item 304.
In connection with the Company's engagement of Deloitte as its
independent accountants for the fiscal year ended December 31, 1999, neither the
Company nor any person acting on behalf of the Company, consulted Deloitte
regarding (i) the application of accounting principles to a specified
transaction, either completed or proposed, or the type of audit opinion that
might be rendered on the Company's financial statements; or (ii) any matter that
was either the subject of a disagreement (as defined in paragraph (a)(1)(iv) of
Regulation S-K, Item 304, and the related instructions) or a reportable event as
described in paragraph (a)(1)(v) of Regulation S-K, Item 304.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
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(c) Exhibits.
<TABLE>
<CAPTION>
Exhibit No. Exhibit
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<S> <C>
16 Letter from Ernst & Young LLP to the
Securities and Exchange Commission dated
November 8, 1999.
</TABLE>
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SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
WAVO CORPORATION
Dated: November 10, 1999 /s/Kenneth D. Swenson
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Kenneth D. Swenson,
Executive Vice President and
Chief Financial Officer
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INDEX TO EXHIBITS
<TABLE>
<CAPTION>
Exhibit No. Exhibit
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<S> <C>
16 Letter from Ernst & Young LLP to the Securities and
Exchange Commission dated November 8, 1999.
</TABLE>
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EXHIBIT 16
ERNST & YOUNG LLP
November 8, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We have read Item 4 of Form 8-K dated November 8, 1999 of Wavo Corporation and
are in agreement with the statements contained in the 2nd and 3rd paragraphs on
page 2 therein. We have no basis to agree or disagree with other statements of
the registrant contained therein.
/s/ Ernst & Young LLP
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